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Anyone for KOD? It's as cheap as chips! (KOD)     

skyhigh - 01 Sep 2016 21:40

DYOR....but this is looking promising imvho!

Chart.aspx?Provider=EODIntra&Code=KOD&SiChart.aspx?Provider=EODIntra&Code=KOD&Si

********************************************************************

30 August 2016

Kodal Minerals Plc



("Kodal" or the "Company")



Acquisition of High Grade Lithium Project in Southern Mali



Kodal, the mineral exploration and development company with interests in West Africa, is pleased to announce it has entered into an agreement with Gorutumu Mining SARL ("Gorutumu"), giving Kodal the exclusive rights to explore and acquire a controlling interest in a prospective high grade lithium project in Southern Mali (the "Agreement"). This is in line with Kodal's strategy to identify value accretive strategic mineral opportunities in West Africa.



To view this announcement with the maps included (Figures 1 and 2) please click on the following link: http://www.rns-pdf.londonstockexchange.com/rns/3589I_-2016-8-29.pdf



Highlights

· The Agreement grants Kodal exclusive rights to explore the 250km2 Madina concession in southern Mali ("Madina" or the "Project") (refer Figure 1);

· As part of the Agreement, Kodal has the option to acquire a 90% interest in Madina by completing payments totalling US$140,000 over three annual stages with the initial payment of US$25,000 having been made to Gorutumu;

· Lithium bearing pegmatite units identified in the Project, with initial sampling returning high-grade lithium anomalies (>2% Li2O) (refer Figure 2);

· Historic geochemical sampling has indicated zones of anomalous lithium response associated with known pegmatite and has identified new areas to be reviewed;

· Field review and reconnaissance mapping of pegmatite occurrences to be undertaken immediately - geochemical sampling and prioritisation for drill testing will be completed with the aim of drilling as soon as possible;

· Key targets identified that have potential to advance the Project rapidly with the aim of delineating a mineral resource estimate;

· Lithium has been identified by the Board as a high-value strategic mineral having recently seen strong demand for batteries (electric cars and static storage) and tight supply apply upward pressure on prices;

· Madina is also prospective for gold mineralisation, with previous geochemical sampling returning anomalous gold values - review of exploration work and further follow-up will be undertaken following assessment of lithium potential;



Bernard Aylward, CEO of Kodal Minerals, said: "The market dynamics surrounding lithium are highly compelling, and I am delighted to announce the acquisition of, what I believe has the potential to be, a quality, high grade lithium project with identified priority targets and known mineralisation. The acquisition of Madina is a direct result of our team leveraging its extensive West African experience to identify value accretive opportunities to build a portfolio of quality assets. We now intend to apply our exploration expertise to the Project and rapidly advance it towards proving up a JORC compliant mineral resource. Further news regarding this exploration process, and concurrent work programmes across our gold properties, will be made in due course."


It's all looking very encouraging and perhaps the sp is finally starting to recover.

hangon - 13 Dec 2017 13:08 - 53 of 54

Well, sp has taken a dive today - reading earlier posts it was v.high (DYOR) but now just 0p18 - The result of today's RNS saying an earlier license was "lost" by incompetence by their partner's omissions. Oh dear. However, KOD isn't knocked-out yet, as they hope to reinstate the Licence for exploration with a local Mining Co closer to officialdom, er, I think. see RNS ...

hangon - 08 Mar 2018 14:44 - 54 of 54

Several RNS suggesting Gold and Lith deposits.... one might expect sp to rise....but it's stuck at current prices (=0.19pence - DYOR), for a while more, I guess. Maybe no-one believes they will come good.... That must be it. Miners frequently run out of money despite telling everyone they have value in the deposits . . . sadly6 they can't find anyone that wants to continue digging....

Anyone?
.
.
EDIT (14March2018)- sp 0p19 DYOR . . . er, this is as bad as it gets methinks... positive Gold-news I read; yet no-one wants to buy the stock.
EDIT(5June2018)- sp 0.14 and extensive deposits were ann. recently ... I guess no-one believes KOD can perform. Last year's AGM was a tad grim, although well-stocked with hangers-on ...er, IMHO - DYOR.
EDIT(7June2018)-sp=0.15 is hardly an improvement, but FWIW I heard on R4 an item on Lithium.... suggesting it was big in Africa...I recall Zimbabwie was mentioned, but I guess almost anywhere is possible...It's where you can fetch it (i.e. the Infrastructure is very important.... which is where I'm not getting the best of signals from KOD) - - - indeed I get the impression the Dir would like to Sell the Co. - rather than do any digging. . . . . DYOR.
EDIT (18June2018)-very small sp rise as China invests more - Will this become a take-out, at these low prices?
EDIT (13July)-Seems SuChing(?) =China Co. has invested ~£1.2m DYOR and now holds 29% of our company - looks like Retail Shareholders are being pushed aside . . . anyone?
With "lithium" being the "new Nuclear" - I'd expect this outfit to be more valuable, but their sp performance to date has been a long downhill run.
EDIT (1Aug2018)- Co ann participation in "Shares" event later this year DYOR, with sp up only a little to 0.17 pence....not a stonking stock, but maybe some hope for the future? [=EDIT-13Aug-sp=0.27pence=].
EDIT (28Aug2018)- I may have understood for now, sp doubled abt. 30July2018 and the RNS giving good results of drill-survey was posted 22Aug....giving those with better knowledge than most the opportunity to buy-in . . . no doubt they will sell when the Market props up this price..... I think the Co. should have made an interim statement 20-days prior to these "Results".... What do others think?
EDIT(3Dec2018)-sp 0.15 (down a bit, even though lithium is discovered in Malawi. I thought that was what they were looking for?
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